Greenwich resident, Andrew Gilligan, has a to re-assess some of the 2012 venues, including Greenwich Park. The report says that Tessa Jowell has asked KPMG to run a review of the sites in the face of criticisms that the too small or not suitable, as well as offering limited post Olympic legacy.

Watch out for longer journey times this Sunday and Monday, as TFL carries out engineering works on the Tube and DLR networks. Replacement buses will be provided services between North Greenwich and Stratford underground stations, as well as replacing DLR services between Canary Wharf and Lewisham.

RightMove.co.uk has published its monthly property price index report, which shows the average asking price in London falling by 5.3% in August as compared with July. Greenwich was one of the worst performing boroughs, with an average drop of 6.6%. The only boroughs to perform worse were Kingston Upon Thames (-7.2%), Richmond Upon Thames (-6.8%), Brent (-7.5%) and Wandsworth (-7.9%).

With the Beijing Olympics in full swing, eyes inevitably start to turn to the next summer Olympics, in 2012. An exhibition was launched by Greenwich Council in Longtanhu Park, Beijing, yesterday in order to promote Greenwich as a major, worldwide destination.

To coincide with that, DestinationGreenwich.com was launched with information in English and Chinese, extolling the various benefits and potential of Greenwich.

Hotel and restaurant chain Whitbread is to open one of its Premier Inn hotels in Greenwich. The 194 room facility with integrated restaurant is scheduled to be completed in time for the 2012 Olympics. Another new hotel in Aldgate will take the company's London rooms total to 8,500.

"This is bright news from Whitbread in increasingly gloomy economic times. We have disciplined targets for growth. These investments demonstrate that we are well on our way to delivering them. For us, it's more a case of opportunity bites than credit crunch.

The choice of Greenwich Park as venue for equestrian events at the 2012 Olympics continues to cause concern. Contract Journal has reported that large swathes of the park could be closed for up to 10 months in order to prepare for the Olympic events. Some historic trees may face pruning back also.

Many local residents will obviously be asking the question: is the loss of access to the park and possible damage a worthwhile cost to pay in order to host these events, or should they be held at a venue already capable of holding them?

The future of the famous Cutty Sark has been secured after shipping magnate Sammy Ofer stepped forward, providing £3.3 million in funds. This donation means that the Cutty Sark Restoration Project has met its fund raising total allowing it to complete the works, which thrown badly off track by last year's fire.

The fantastic domation follows soon after the annoucement of a £20 million donation by Mr Ofer made towards the National Maritime Museum.